Sunday, February 20, 2005

David Brooks has noticed that Dubya's budget is bleeding money. Dubya's created costly new medical entitlements for the aging, and he wants a social security "reform" proposal which, he now admits, will drain huge new sums out of the treasury for transition costs. If we were taxing as we were under, say, Clinton, this might be livable, but with Dubya's vast new tax cuts for the rich, there won't be enough money coming in to pay for it all.

Update: It looks like this is an opening shot in a right-wing propaganda campaign against the AARP, and its opposition to Dubya's Social Security "reform" proposals (which, ironically enough, make the immediate fiscal problems worse). via Atrios.